Monday 30 March 2026 – 06:22 PM
He is expected to meet in the coming hours with British Prime Minister Kerr Starmerwith business leaders at the Prime Minister’s Residence in Downing Street, on Monday, to discuss the repercussions of the Iranian war.
Today, Monday, British Treasury Secretary Rachel Reeves will join a virtual meeting of G7 finance and energy ministers and central bank governors, alongside Energy Secretary Ed Miliband.
Reeves will urge her counterparts to follow the example of the United Kingdom and accelerate the transition away from fossil fuels, stressing that this is the only way out of the vortex of global oil and gas markets and to reduce costs permanently, according to the Times newspaper.
The United Kingdom is exposed to severe economic damage
The British Prime Minister is also expected to meet with senior representatives of the energy, shipping and financial services sectors, amid warnings that the United Kingdom may be exposed to severe economic damage as a result of the war against Iran.
The Times newspaper said that the discussion will focus on the ongoing Iranian blockade of the Strait of Hormuz, which has disrupted a vital shipping lane for the oil and gas sector, in addition to supplies of other products such as fertilizers.
The newspaper warned that with the rise in oil prices and Iran’s continued blockade of the vital Strait of Hormuz, Britain is now expected to face a rise in inflation rates and a decline in growth rates.
